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City of Gaithersburg debt free, proposes record level budget

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Published on: Thursday, April 04, 2013

By Donna Broadway

GAITHERSBURG- On April 2, Gaithersburg City Manager Tony Tomasello introduced his FY 2014 operating budget of $56.6 million. The budget, which is a 9.9 percent increase from the FY13 budget,  includes an operating budget of $49.7 million and a Capital Improvements Plan funded at $6.9 million.

Tomasello says this is the largest operating budget in the City’s history, but it does not propose an increase in the property tax rate, which currently stands at $0.262 per $100 of assessed value. The property tax rate has not been increased since 2011.

“The city’s proposed budget once again reflects action. We no longer feel that we have to sit on reserve funds in anticipation of further economic downturn.  In every department and with every project there is renewed energy – new personnel, new equipment, new technologies, and new initiatives.  This budget makes a commitment to maintaining, and in some cases restoring, the level of service our residents deserve,” said Tomasello.

The city of Gaithersburg is currently debt free and Council Vice President Michael Sesma says it is due to careful budgeting .

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